Cupid Capital

History

2025: Foundation Launch

In November 2025, the Amur Capital private debt fund was established in Russia to finance companies. The target volume of the fund is 3 billion rubles. The initiators of the creation were the investment company Kama Flow, the private investment fund AYR Capital and the consulting company for IT projects AVF Consulting.

According to Vedomosti, the new fund works in the format of an investment partnership. This structure brings together managing partners who are responsible for decision-making and investor partners who provide capital. The expected yield is projected at 26% per annum.

𝓲

Фото: Freepik

The main recipients of financing will be medium-sized businesses with an annual turnover of 100 million rubles and a positive financial result before interest, taxes and depreciation. The fund offers several types of borrowed instruments - mezzanine financing (providing a loan with the possibility of subsequently obtaining a share in the business) and bridge loans (intended for short-term coverage of operating needs).

According to the interlocutor of Vedomosti, as of November 2025, five agreements were concluded for a total amount of about 300 million rubles. Among the borrowers were the developer of smart road systems Smart Si, the production and engineering company Hospitaltechnik, the manufacturer of perfume and cosmetic products Giardino Magico, the commercial real estate platform Simple Estate and the rapid delivery service for chemical materials Appscience.

The fund notes the growing demand from business for private debt instruments. Denis Shorin, Head of Partnership Development at MTS StartUP Hub, explained that this does not indicate a massive rejection of bank lending. In his opinion, a separate niche is simply being formed in the market for those who cannot receive the necessary amounts of financing in credit institutions.^[1]

Notes